vol. iv
Spring 2026
Market Analysis
The Erosion of Privacy in Digital Assets
A study on the long-term implications of radical transparency for sovereign families and the structures they inhabit.
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A quarterly publication for the families we work with. Sent in print. Occasionally shared here.
vol. iv
Spring 2026
Market Analysis
A study on the long-term implications of radical transparency for sovereign families and the structures they inhabit.
vol. iii
Winter 2025
Heritage
Why the patterns observed in 19th-century industrial dynasties continue to play out — and what governance can interrupt.
vol. ii
Autumn 2025
Capital
An argument for the long hold, drawn from the firm's experience underwriting private positions over fifteen-year horizons.
vol. i
Summer 2025
Governance
The structured letter — written, archived, returned to — as the simplest and most resilient governance tool we know.
To receive each volume in print, write to us.